Oregon Public Employees Retirement Fund Makes New Investment in Terreno Realty Co. (NYSE:TRNO)

Oregon Public Employees Retirement Fund bought a new position in Terreno Realty Co. (NYSE:TRNO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,500 shares of the real estate investment trust’s stock, valued at approximately $1,390,000.

A number of other large investors have also bought and sold shares of the company. Assetmark Inc. grew its position in shares of Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 381 shares in the last quarter. Manchester Capital Management LLC purchased a new position in shares of Terreno Realty in the fourth quarter valued at $27,000. International Assets Investment Management LLC grew its position in shares of Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 987 shares in the last quarter. Huntington National Bank grew its position in shares of Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 177 shares in the last quarter. Finally, Financial Advocates Investment Management purchased a new position in shares of Terreno Realty in the third quarter valued at $205,000.

Analyst Ratings Changes

TRNO has been the subject of several research analyst reports. Piper Sandler dropped their price objective on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Scotiabank lifted their price objective on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday. Barclays reaffirmed an “equal weight” rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. BMO Capital Markets lifted their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $69.36.

Terreno Realty Trading Down 0.1 %

NYSE TRNO opened at $67.79 on Friday. Terreno Realty Co. has a 1-year low of $53.78 and a 1-year high of $71.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $63.38 and a 200-day moving average of $64.02. The firm has a market cap of $6.76 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, sell-side analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.